Randall Smith wrote:
Everyone should notify there insurance companies and let them know they are retired. My auto insurance went down when I retired because I don't drive as much. Not driving to work anymore so the mileage came down. Spend the time to check.
Randy,
Also at age 65 you qualify for the Homestead Act and your property taxes are reduced by 25%. That is a savings to any fixed income family. My property taxes are nearly $2,000. (for what I do not know, because Vermilion's underground infrastructure is in shambles, the streets are really horrible, so bad a neighbor posted a sign on his yard "Travel at your own risk - artillery craters ahead"). I think we are the only community that has 4 inch water lines servicing side streets. Anyway that will be reduced to $1480./ year.
